W Formation formed on EURJPY.
Broke out and now is showing upside momentum.
7>21>200
RSI>50 (Higher Lows)
Target 157.57
SMC
Sell Side LIquidity Order block where SM is sweeping sells and buying into them.
Hence we placed a stop loss just below this order block...
NOTE:
This formation is a W Formation and NOT a Cup and Handle because the second rounding bottom is more than 50% of the first rounding Bottom.
If the height was less than 50% then it'll deem it as a Cup and Handle
Broke out and now is showing upside momentum.
7>21>200
RSI>50 (Higher Lows)
Target 157.57
SMC
Sell Side LIquidity Order block where SM is sweeping sells and buying into them.
Hence we placed a stop loss just below this order block...
NOTE:
This formation is a W Formation and NOT a Cup and Handle because the second rounding bottom is more than 50% of the first rounding Bottom.
If the height was less than 50% then it'll deem it as a Cup and Handle
🌐NEW Website 2025:
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🌐NEW Website 2025:
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
mati-trader.lovable.app/
✅ Facebook:
facebook.com/groups/matitrader
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.